The terms contained in Iowa Code section
12.62
are defined as follows:
"Assistance" is defined as the communication
of technical information to those public entities requesting the information.
The treasurer of state's investment division will assist those public entities
who request help by providing them with technical information regarding
investment or deposits of public funds. Assistance will be provided to the
requester in written form or by telephone. Assistance does not include the
actual investment of a public entity's funds by the treasurer of state's
investment division.
"Public entities " is defined as political
subdivisions, the state board of regents, instrumentalities, and agencies of
the state authorized to invest funds.
"Technical information " includes any
information in the possession of the investment division of the treasurer of
state's office pertaining to: how a type of investment is normally structured
and if a particular type of investment is permitted by the Iowa Code; how
interest and yields are computed by the industry; how to make yield comparisons
when different interest calculation methods are used for different securities;
the market liquidity of particular classes of investment securities; general
risk and return tradeoffs of particular security types; how investments rank in
terms of safety, liquidity and return characteristics; procedures for
depositing public funds in Iowa financial institutions; key provisions to
include in investment policies and agreements to ensure the safety of public
funds; and any other information in the possession of the treasurer of state's
investment division which pertains to investments or deposits of public funds.
Technical information does not include legal advice or the making of investment
decisions by the treasurer of state's investment division for public entities,
nor does it include information regarding requirements of the Iowa Code which
do not pertain to the investment or deposit of public funds.
